When to Take Investing Advice From Twitter

Investors wondering if Twitter is a place to get an insider’s edge on the stock market should keep a few things in mind first. Chuck Jaffe reports. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... I ... twenty ... well of course it's huge and ... some tools insisting that ... if niceness is so devoted their so-called copper hints of that is in fact a great place to get investment last but to but the watch Colas Chuck Jaffe joins us from Boston today to tell us that ... you are listening to what you hearing from some was Twitter handles that may not always be the best advice what what what he wanted to do is to ... well I think the biggest thing that folks need to recognize ... is that ... there's a lot of folks who are money managers ... who were ... pretty strictly for dividend as to what they can stay on Twitter ... so you wind up seeing any sort of a Twitter handle that saying something that ... you suggesting a local by this or ... this particular fund likes that ... you've got to recognize that that's a fact ... that ... that there's great stuff to be had on Twitter ... what is not gonna wind up being the stuff that you made me think is outdoor the low hanging fruit that says that purports to be from a money manager which sought recently with David Einhorn a noted hedge fund manager and his twitter handle is at a bid on a night and ... but somebody was ... trading as ... at Greenlight cap ... which is Greenlight Capital which would be his hedge fund or ... well he was saying those things ... they ... did all the things necessary to ramp up their followers ... and then ... he was supposedly treating about a stock that he wasn't saying anything about ... a new sign of Cosi he would really be allowed to do that under a CC rules was that I would like to do it and ... under the rules basically ... each week could be considered on to something that the firm has to do disclosure on ... it so that they have to file something about it this way instead of hey I wanna do something else we right now ... hey I want to do something else we right now but first a house to go through compliance I gotta pay those guys a couple hundred bucks and filing fees and Ben will tweet ... truthfully you would say a whole lot if you felt that had to go into compliance ... yes she she can figure out ... relax their rules entirely but they've made it clear that ... you know saying hey ... the ... the management team all went on a diet lost a bunch away for years our latest performance update ... those are not least require compliance but anything that would be showing or ... suggesting album like this or were buying now ... that the Khona stuff that will show ... if you think it's from a money manager ... and they're giving you inside information you're pretty sure that you will know it's ... show the average guy and he happens to like the great stock or he's run a trading program he's not under any sort of compliance ... constraints to toe in his case yet to go stay closing stock jockey somebody who I really wanna trust where the sea of other ulterior motives in trying to pop up things that make you stock pick look good ... going guys IPO by step up in the Swiss Linde AG think is a problem with with ... with jaundice is being ignorant of these rules and therefore ... susceptible to bemoan the board's attention was to doing something of a job with a self which is good to say ... well there's no question I mean ... I take a look at it you wanna know how and why they're in or if we just talked about David Einhorn ... there is another at David Einhorn account ... it has three tweets since two thousand ten when it was starting to get it has over two hundred followers ... most of them ... are BP will get the best they're saying on the financial guy mob CFA of a financial planner whatever what those people doing ... they found a David Einhorn they believe it's the right one so the Vatican doesn't tweet ... there is hope and son and I will sign something if you ... think about it that way ... those are people who were basically ... right to be taken ... by somebody who can build up a fake Twitter account just for the